Mortgage Issuing Firm Revamps
The changing requirements for mortgage issuing have led CU Members Mortgage, one of the leading mortgage issuing firms with credit union partners, to restructure its operations.
The firm said its four regional offices will continue to handle the origination of home loans with credit unions partners and their members, but the firm is centralizing some of the disclosure and regulatory functions in its Dallas headquarters.
"CU Members Mortgage restructured a strong team of professionals who will focus completely on the specific needs of each credit union partner and guide them through the next set of regulation and compliance changes. This new structure provides the accountability and the structure necessary to meet the challenges of the more rigid mortgage lending environment," she added.
As part of this restructuring process, CU Members Mortgage divided its partnership levels to focus on its Mortgage Ease I and II partners, which it now refers to as the Direct Lending department, and our Mortgage Ease III and IV partners, now referred to as the Correspondent Lending department.